Lansdown-backed Ravenscroft acquires BullionRock

Investor demand for precious metals

Ravenscroft, the Guernsey-based stockbroking and investment management firm backed by Stephen Lansdown, has bought precious metals business BullionRock for an undisclosed sum.

Mark Bousfield, Ravenscoft Group managing director, said the addition of BullionRock made sense in the current environment. "Investors are becoming increasingly knowledgeable and we have seen an increasing demand from them for parts of their portfolio to be invested in precious metals. "Given the continuing uncertainty in the global markets, investors are comforted by the fact that they are invested in something which, if they want to, they can physically touch,' he said. "We want to ensure that as a group we can offer our clients the investment opportunities they are asking for an...